Uzbekistan Secures $300 Million in Loans for Power Grid Upgrades

Uzbekistan has secured $300 million in loans from the World Bank and the Asian Development Bank to modernize 60 electrical substations. The upgrades aim to reduce power outages and losses, facilitating the integration of new renewable energy sources. The government will contribute an additional $71 million to the $371 million total program cost. These improvements are crucial for meeting growing electricity demand and Uzbekistan's renewable energy targets.

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